Smart Cities, Regions, and Communities – Opportunities & Resources
On Thursday afternoon, the American Chamber of Commerce and US-ASEAN Business Council co-hosted a discussion on Smart Cities. The speakers for the session included Assistant Secretary of Commerce for Global Markets and Director General, U.S and Foreign Commercial Service Arun Kumar and Mayor of Austin Texas Steve Adler.
DG Arun Kumar announced the “Smart Cities, Regions, and Communities: Export Opportunities” guide by the U.S Department of Commerce to aid U.S companies’ efforts to identify potential Smart Cities opportunities. The guide contains information on possible areas of collaboration for U.S companies to help cities to reduce the negative effects of Urbanization. Additionally, IDC Government Insights projected that the market for smart-city technology within Asia will reach US$1 trillion a year by 2025.
Mayor Adler highlighted that Smart Cities make use of resources efficiently by adopting more productive technological frameworks. Furthermore, the process of developing Smart City technologies also promotes collaboration between the public and private sector.